Safe, For Now
The front page of today's WaPo Metro section has a story on the stadium that's not online. It's a shame, because it's great news for the stadium.
Linda Cropp has decided to use the procedure to block any major alterations to the stadium financing bill, as it winds its way back through the Council to correct some technical flaws.
Typos are mine:
The article goes on to note that they'll come up for a vote on 11/1, but then need to be approved twice more in a similar fashion to last year's stadium resolution.
The article also has a sidebar detailing the three technical problems. Without boring the snot out of you (too late, huh?):
1) They forgot to write in the reduced amount of the gross receipts tax, putting the full $26 million in instead of the reduced $14 million amount.
2) A guarantee of the $12 million utility tax to ease Wall Street's revenue fears.
3) They created two tax financing districts but revenue incorrectly -- not enough was going towards ballpark funding.
There's a quote from some long-dead politician who said, "you can have the majority if I get to make the rules." As long as Cropp stands by her word, the stadium should make it through the Council, again.
But Cropp keeps hedging her statements with cautions that she'd consider moving the stadium to the much-cheaper RFK site. You never know what she'll spring at the last minute.
So while the seas may appear to be calm and serene, there's a storm warning up ahead. At least we dodged the first one. (Or was it the fifteenth?)
Linda Cropp has decided to use the procedure to block any major alterations to the stadium financing bill, as it winds its way back through the Council to correct some technical flaws.
Typos are mine:
Cropp, who was a leading critic of the public investment last fall, said the city must honor its agreement unless costs rise too high at the proposed waterfront location. Her strategy on the amendments is intended to limit the council's ability to derail the stadium. Council members are not permitted to make substantive changes to technical amendments, which are used to correct relatively minor mistakes in wording....
Cropp expressed confidence that the council would approve the amended package. "I have faith in a sensible coucnil," Cropp said.
The article goes on to note that they'll come up for a vote on 11/1, but then need to be approved twice more in a similar fashion to last year's stadium resolution.
The article also has a sidebar detailing the three technical problems. Without boring the snot out of you (too late, huh?):
1) They forgot to write in the reduced amount of the gross receipts tax, putting the full $26 million in instead of the reduced $14 million amount.
2) A guarantee of the $12 million utility tax to ease Wall Street's revenue fears.
3) They created two tax financing districts but revenue incorrectly -- not enough was going towards ballpark funding.
There's a quote from some long-dead politician who said, "you can have the majority if I get to make the rules." As long as Cropp stands by her word, the stadium should make it through the Council, again.
But Cropp keeps hedging her statements with cautions that she'd consider moving the stadium to the much-cheaper RFK site. You never know what she'll spring at the last minute.
So while the seas may appear to be calm and serene, there's a storm warning up ahead. At least we dodged the first one. (Or was it the fifteenth?)
posted by Chris Needham at
2:22 PM
4 Comments:
This is great news. However, the costs of the stadium project are almost certain to rise above the initial amount. Practically every single major construction project goes over budget.
Let's hope that the higher costs come to light after ground has been broken and the agreement is completely binding.
By
Brandon, at 10/18/2005 3:18 PM
The stadium legislation required the costs to be under a certain cap (based on the estimate of the DC CFO).
They were below that mark on the deadline for that. But who knows what kind of wrench they'll throw in the process?
By
Chris Needham, at 10/18/2005 3:20 PM
For you gamblers out there, here are two LOCKS for you:
- Any vote will not take place on 11/1
- Cropp will publicly change her position.
You can thank Willie the G(r)eek when you are collecting in Vegas.
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